________ occurs when there is only one provider of a service or product and no substitutes for the service or product exist.
A) A duopoly
B) A monopoly
C) An oligopoly
D) Perfect competition
E) Monopolistic competition
Correct Answer:
Verified
Q22: _ occurs when there are many buyers
Q23: One example of complementary goods is _.
A)
Q24: What best determines the level of competition?
A)
Q25: Pilar's daughter wants a Betty the Builder
Q26: What is the MOST likely scenario in
Q28: Which of the following industries is LEAST
Q29: The _ and the Department of Justice
Q30: What is an economic indicator?
A) a business
Q31: In what way does monopolistic competition favor
Q32: What is the purpose of the U.S.government's
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